Law and Order

In brief Hackers paid rogue Coinbase customer service staffers to leak sensitive customer information. The SEC is investigating whether Coinbase inflated user numbers in prior disclosures. The fallout comes just days after the company joined the S&P 500 index. Coinbase is facing a rough week on multiple fronts, just days after becoming the first crypto-native […]

In brief FTX creditors will receive more than $5 billion from the FTX bankruptcy estate, beginning May 30. Creditors will receive between 54% and 120% of their claims in the second phase of the FTX bankruptcy plan. The estate has already begun processing claims distributions for more than 90% of creditors. FTX creditors will receive

Amidst the nail-biter, week-long drama over whether the Senate’s GENIUS Act is really dead or not, progress appears to have been made Thursday—with pro-crypto Democrats now touting concessions they’ve received from Republican colleagues in a new draft of the bill, which could see a vote by early next week. Decrypt obtained a copy and reviewed

In brief A delay between the request to freeze an address and its on-chain execution for Tether’s USDT stablecoin was found by blockchain forensics firm AMLBot. Tether blacklists addresses connected to illegal activity, freezing the wallets from moving assets issued by the company. As a result of the freeze delay, AMLBot’s report claims, malicious actors

In brief Telegram banned thousands of accounts linked to Haowang Guarantee on May 13, forcing the platform offline. The marketplace enabled cybercriminals to trade stolen data, fake IDs, and tools for industrial-scale online scams. Investigators say key players are now regrouping under successor platforms like Xinbi and Tudou Guarantee. Telegram has terminated the most prolific

In brief Nebraska lawmakers unanimously passed LB 526, requiring large-scale crypto miners to cover infrastructure costs, report energy usage, and accept service interruptions. The bill targets operations using 1 megawatt or more of power and gives public utilities broad authority to manage grid impact, pending the governor’s decision. Nebraska joins a growing number of states

In brief Pedro Inzunza Noriega and his son, alleged leaders of a Sinaloa Cartel faction, were indicted in California under narco-terrorism statutes. The charges follow a record fentanyl seizure in Sinaloa, as analysts trace how cartel-linked funds moved through stablecoins to Chinese suppliers. Blockchain analytics firms Chainalysis and TRM Labs have identified millions in crypto

In brief Cred’s former CEO and CFO Daniel Schatt and Joseph Podulka face up to 72 months in prison after guilty pleas. The firm collapsed after Bitcoin crashed and a Chinese partner failed to repay a $40M loan. Customers filed over 6,000 claims worth more than $140M in bankruptcy proceedings. Two former top executives of

In brief The attempted kidnapping in Paris marks at least the sixth crypto-linked attack in France this year. GitHub tracker shows global spike in physical assaults tied to crypto wealth. Other attacks this year include kidnappings, mutilations, and ransom demands in France, Asia, and South America. A woman and her child, both relatives of a

In brief Arizona Governor Katie Hobbs vetoed SB 1024 and SB 1373, the latter a complementary custody bill to the Bitcoin investment plan blocked last week. SB 1025, vetoed earlier, would have allowed up to 10% of state treasury and retirement funds to be invested in Bitcoin. Hobbs signed HB 2387, imposing strict fraud prevention,